Baxia Markets
August 15, 2022

Weekley Update 08/15/22

foreign exchange market 24 hours baxia markets

AUD gained more than 3% over the USD.

  • The AUD recovered the ground it lost after the US CPI and Inflation rate data was released last week.
  • The Aussie is on a three-day winning streak; fundamental news will impact the AUDUSD exchange rate this week.


The CAD lost 1.2% to the USD last week.

  • XTIUSD reached its lowest level in six months; Canada relies heavily on commodity exports, which affected the value of CAD at the beginning of the week.


US inflation rate comes out lower than expected.

  • The USD lost value across all major Forex Pairs after the CPI and Inflation rate data release.
  • The strong Labor Market in the US indicates that the economy is healthier than anticipated.


The UK released GDP and GDP Growth rate.

  • The data came out better than expected but still in the contraction area
  • The GBP lost ground to the US on the Friday session


Natural Gas climbed 14%

  • The commodity is on a four-day winning streak. 
  • The price rose after the production output declined three days in a row.


Expected High Impact Economic Releases



AUD- RBA Meeting Minutes



GBP- UK Unemployment rate

CAD - Canada’s Inflation Rate

JPY - Japan Balance of Trade



GBP - UK Inflation rate YoY

USD - FOMC Meeting Minutes

EUR - EA Employment Change YoY & QoQ

AUD - AU Unemployment rate



EUR - EA Consumer Price Index

JPY - Inflation rate YoY



GBP - UK Retail Sales

CAD- Canada Retail Sales 


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